MergerPlace

Italian Restaurant and Bar

Idaho


  • Asking Price: $720,000
  • Gross Income: $1,462,868
  • Cash Flow: $244,416
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $138,424
  • Listing ID: #218723
  • Established: 1996
  • Employees: 13 FT/20 PT

Business Description

This is an iconic upscale Italian restaurant in Idaho's booming Treasure Valley. The business has flourished for over 23 years with a very loyal clientele as well as many new customers due to its excellent location and reputation. There is a liquor license that is included in purchase price. Owner prides himself in the high quality food and wine he has available. There are two managers in place to reduce the burden on Owner. There is no finer Italian dining in the area.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Idaho

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13 FT/20 PT

Financial Information

Asking Price: $720,000
Gross Revenue: $1,462,868
Cash Flow: $244,416
FF&E: $138,424
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

The Business resides in leased 3,911 very well appointed square feet. There is a full bar (liquor license is included in price), newer kitchen and seating for 145 guests in the dining area. There is also a full patio that can seat up to another 60 guests. Business is located in well trafficked strip center with plenty of parking. Lease has 3 years remaining with 2 more 5 year options. The location is one of the fastest growing areas in the nation.

Growth & expansion opportunities:

Owner has been in the business for over 40 years and feels it's time to let somebody else take the reigns. He feels new energy would be beneficial. A new owner could expand the catering portion and possibly expand dining area as space becomes available. The market research firm IBISWorld predicts fine dining Italian restaurants will continue on an industry-wide 2% growth pattern due to available disposable income.

Competition:

There are several Italian restaurants in the Treasure Valley, however, very few known for the quality and upscale atmosphere of this business. The business's reputation is known throughout the area and guests travel for miles to dine here. Reservations are definitely recommended on most nights in order to get seated.

Reason for selling:

Owner has health issues and wants to retire.

Support & Training:

Will train for 2 weeks @ no cost. This business is an upscale Italian restaurant. Menu includes many unique dishes not available in most Italian eateries. Price includes liquor license which Buyer would have to qualify for with the Idaho Alcohol and Beverage Commission. Buyer should be skilled in restaurant management and customer service. All recipes are included in sale.

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Business Listed By:

David Choate

Murphy Business Brokers